Sivia Capital Partners LLC Raises Position in BHP Group Limited (NYSE:BHP)

Sivia Capital Partners LLC lifted its stake in shares of BHP Group Limited (NYSE:BHP) by 84.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,551 shares of the mining company’s stock after purchasing an additional 2,990 shares during the period. Sivia Capital Partners LLC’s holdings in BHP Group were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bridge Creek Capital Management LLC increased its stake in shares of BHP Group by 2.0% in the 4th quarter. Bridge Creek Capital Management LLC now owns 49,284 shares of the mining company’s stock worth $2,407,000 after acquiring an additional 985 shares during the last quarter. Moody National Bank Trust Division purchased a new position in BHP Group during the fourth quarter worth about $401,000. Aprio Wealth Management LLC boosted its holdings in BHP Group by 57.0% in the 4th quarter. Aprio Wealth Management LLC now owns 6,005 shares of the mining company’s stock valued at $293,000 after purchasing an additional 2,180 shares during the last quarter. Ridgewood Investments LLC grew its stake in shares of BHP Group by 136.4% in the 4th quarter. Ridgewood Investments LLC now owns 5,018 shares of the mining company’s stock valued at $245,000 after buying an additional 2,895 shares during the period. Finally, Range Financial Group LLC acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $1,301,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 1.2 %

Shares of NYSE:BHP traded up $0.56 during trading on Monday, hitting $49.10. The company’s stock had a trading volume of 1,698,842 shares, compared to its average volume of 2,331,911. The company has a market capitalization of $124.51 billion, a PE ratio of 10.63 and a beta of 0.95. The business has a 50 day moving average price of $51.53 and a two-hundred day moving average price of $54.46. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BHP. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Jefferies Financial Group dropped their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.